Jupiter's moon Io as seen by the Galileo spacecraft. Io is the most volcanically active world in the Solar System, with hundreds of volcanoes.
Credit: NASA/JPL/UoA
The worst part of drawdowns is that it turns you into a coward. Fear shortens your time horizon because you can’t take being more wrong. It focuses you on the macro and paralyzes you. You’re getting the prices you always wanted and you’re sitting here making excuses.
Why should an ordinary citizen be able to purchase an assault weapon that holds 30-round magazines and fires hundreds of bullets in minutes?
The damage was so devastating in Uvalde parents had to do DNA swabs to identify remains of their 9- and 10-year old children.
Enough.
GOLDMAN: “.. clients constantly ask what to expect from equities in the event of a recession. .. Across 12 recessions since World War II, the S&P 500 index has contracted from peak to trough by a median of 24% [would mean 3650],” and an average decline of 30% [3360] ..” [Kostin]
Moisei Bondarenko, Ukrainian violinist 🎻 who had to become a soldier to defend humanity. We will prevail against evil that is Putin's fascist regime. We are all #Ukraine. ✊ #WeAreUkraine
"Yea, it sucked to watch my portfolio tank in real time. But I also knew that while stocks lose 36% on average in bear markets, they gain 114% in bull markets. So I ignored the news, kept buying more index funds, and waited."
- Millionaire in 2028 talking about investing in 2022